Cryptocurrency

Jump Crypto Gives $320 Million to Replace Funds Stolen in Wormhole Hack, Executes Largest DeFi Bailout

Jump Crypto Gives $320 Million to Replace Funds Stolen in Wormhole Hack, Executes Largest DeFi Bailout

In what is being regarded as the biggest bailout in DeFi, Jump Crypto deposited Ether worth $320 million (roughly Rs. 2,391 crore) in Wormhole accounts. This amount was stolen in a hack attack on Wormhole earlier this week. Jump Crypto is a venture capital firm that owns the developer of Wormhole.

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